Comment: the RSI is above its neutrality area at 50. The MACD is
above its signal line and positive. The configuration is positive.
Moreover, the pair is trading above both its 20 and 50 MAs (respectively
at 19.6393 and 19.6187). Finally, the USD/MXN is trading above its
upper Bollinger band (standing at 19.6708).

Alternative scenario: the downside breakout of 19.6457 would call for 19.5819 and 19.5439.

Our pivot point is at 19.6457.

Our preference: the upside prevails as long as 19.6457 is support.

Alternative scenario: below 19.6457, expect 19.5819 and 19.5439.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 19.5378 and 19.4696). Finally, the USD/MXN is trading above its upper Bollinger band (standing at 19.7430).